Friday Workout - 99 problems, but pricing rich ain’t one; 5x5x5; is 60 the new 50?

Cleared for restructuring: Airline Chapter 11 in a new era

Airline distress is back, and it looks nothing like the last cycle. Supply chain failures, grounded fleets and a changed financing landscape are rewriting the rules of aviation restructuring, and the market is still catching up. We hosted a webinar called Cleared for restructuring: Airline Chapter 11 in a new era to discuss this evolving landscape. Our head of bankruptcy, Kat Corey, was joined by Michael Burke (partner, Pillsbury), Chad Husnik (partner, Kirkland & Ellis) and Anne Wallace (senior managing associate, Sidley Austin).

9Questions — Ming Eng, Granite Asia — Where is private credit headed in Asia?

Private credit is having a moment in Asia. It’s been growing fast from a small base and has made inroads to a lending environment still dominated by traditional banks.

Cloud 9fin — The In-court Report — What Bitcoin Depot’s bankruptcy means for creditors (and scam syndicates)

Bitcoin Depot went from a $600m, publicly-traded business to bankrupt in a matter of months, but the story around the company and other crypto ATM providers has been brewing for years. We happen to have just the guy on staff to break it all down.

Cloud 9fin — Syndication Nation — The tie-up between insurance and America’s AI buildout

In our latest episode of Syndication Nation, leveraged finance reporter Sunny Oh sits down with Mark Melchiorre, chief investment officer of Forza Investment Group, to discuss how insurance-focused asset managers are helping to finance America’s new “Manhattan Project”.

Europe IG Wrap — Financials turn to other currencies, covereds flourish

Asia weekly — Issuers rush to market ahead of FIFA